General Electric Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310568628 ✦ Cincinnati, OH ✦ Designated as a 501(c)(14)

Overview

What is General Electric Credit Union?

The General Electric Credit Union, based in Cincinnati, Ohio, serves over 254,000 members by providing them with a range of loan and deposit services at competitive rates and terms. As a nonprofit organization, their mission is to offer financial services that benefit all members under a strong financial structure, ensuring the credit union's continued viability. With a workforce of 581 employees, the credit union offers various high-quality products designed to meet the diverse financial needs of its members.


Official website here: www.gecreditunion.org

Is General Electric Credit Union legitimate?

General Electric Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. General Electric Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $3,100,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,560,732

For more financial information, click here


Official website here: www.gecreditunion.org

What is the mission statement of General Electric Credit Union?

The General Electric Credit Union is dedicated to delivering a range of high-quality financial products and services to its members. By maintaining a robust financial structure, the credit union ensures its continued viability and benefits all members. The credit union offers competitive interest rates and terms on loans and deposit services to approximately 254,000 members. By providing these financial solutions, the General Electric Credit Union aims to enhance the financial well-being of its members. Furthermore, the credit union's strong financial footing allows it to offer various loan and deposit services that cater to the diverse financial needs of its members.


Official website here: www.gecreditunion.org

Who is the CEO of General Electric Credit Union?

Dan Vonderhaar is the President/Ceo of General Electric Credit Union. The CEO's salary of General Electric Credit Union is $1,026,392 and their total compensation is $1,088,017.


Official website here: www.gecreditunion.org

What is the revenue of General Electric Credit Union?

General Electric Credit Union's revenue in 2022 was $167,594,908.


Official website here: www.gecreditunion.org

Who are the executives of General Electric Credit Union and what are their salaries?

The average compensation at General Electric Credit Union during 2022 was $44,167. There are 581 employees and 9 volunteers at General Electric Credit Union.

Here are 21 key members and their salaries (General Electric Credit Union's CEO's salary is $1,026,392 and their total compensation is $1,088,017):

    Timothy D Ballinger (President/Ceo) [Trustee/Director]
  • Compensation: $1,026,392
  • Related: $0
  • Other: $61,625

    • Kevin Motley (Cfo)
  • Compensation: $376,141
  • Related: $0
  • Other: $31,173

    • Neil Peterson (Director Of Lending Services)
  • Compensation: $274,120
  • Related: $0
  • Other: $30,125

    • Jill Lingo (Marketing Director)
  • Compensation: $239,426
  • Related: $0
  • Other: $43,885

    • Ashley Cunningham (Bus. Dvlpmnt/Member Service)
  • Compensation: $237,130
  • Related: $0
  • Other: $43,738

    • Nicholas Mcevoy (Chief Delivery Officer)
  • Compensation: $225,470
  • Related: $0
  • Other: $42,228

    • Jeffrey Lenzer (It Security Risk Management)
  • Compensation: $237,092
  • Related: $0
  • Other: $27,117

    • Robin Sargent (Chief Support Officer)
  • Compensation: $207,022
  • Related: $0
  • Other: $41,705

    • Brian Lucas (Compliance)
  • Compensation: $205,201
  • Related: $0
  • Other: $41,802

    • Melissa Ziegelmeyer (Director Of Internal Audit)
  • Compensation: $208,264
  • Related: $0
  • Other: $17,103

    • Melanie Disney Tamaska (Chief Human Resources Officer)
  • Compensation: $180,991
  • Related: $0
  • Other: $38,353

    • Andy M Dunn (Svp Mortgage Services)
  • Compensation: $194,151
  • Related: $0
  • Other: $23,981

    • Amy Wheeler (Senior Vp & Controller)
  • Compensation: $161,329
  • Related: $0
  • Other: $38,528

    • Mary Cay Vessells (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Johnson (1St Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheryl Hill (2Nd Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Ille (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Cabe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Perry Engstrom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gayle Nyswonger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Peak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.gecreditunion.org

    Where can I find the form 990 for General Electric Credit Union?

    The General Electric Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.gecreditunion.org

    Learn more at the official website: www.gecreditunion.org

    Mission Statement of General Electric Credit Union

    General Electric Credit Union, with its mission to provide financial services, is dedicated to benefiting its members under a financially sound structure. The credit union offers a wide range of quality products and services designed to cater to the needs of all its 254,000 members. By ensuring the continued viability of the credit union, General Electric Credit Union aims to deliver a variety of competitive loan and deposit services to its members. The organization's primary goal is to enhance the financial well-being of its members through its extensive range of offerings.

    In pursuit of its mission, General Electric Credit Union provides its members with financial solutions tailored to their unique situations. The credit union's strong financial structure allows it to offer loans and deposit services at competitive interest rates and terms. This commitment to member benefits is the driving force behind General Electric Credit Union's success. By consistently delivering high-quality financial services, the credit union fosters trust and loyalty among its members, ensuring a strong and thriving financial community.

    Impact

    This information is meant to be a general summary of General Electric Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    General Electric Credit Union plays a significant role in providing financial services to its 254,000 members in Cincinnati, Ohio. By offering a variety of loan and deposit services at competitive interest rates and terms, GE Credit Union contributes to the financial well-being of its members. This enables individuals to access essential financial products and services that can help them achieve their goals and improve their financial stability. Additionally, GE Credit Union's strong financial structure ensures the continued viability of the credit union, further benefiting its members and the community as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,771,391
  • Program Service Revenue: $160,823,517
  • Gross Receipts: $376,320,885

    • Assets and Liabilities:
  • Total Assets: $4,683,051,080
  • Total Liabilities: $4,364,458,764
  • Net Assets: $318,592,316
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST

    Revenue

    $131,060,266

    FEE/OTHER INCOME

    Revenue

    $29,763,251

    Organization Details

    Founding Year

    1954

    Principal Officer

    Dan Vonderhaar

    Main Address

    11311 CORNELL PARK DRIVE Suite 124, CINCINNATI, OH, 45242

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of General Electric Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.